If your business is set up as a Corporation, the max profit sharing contribution is 25% of gross income and is still subject to the above profit sharing amounts.

If your business is set up as a Sole Proprietor or Partnership, the max profit sharing contribution is 20% of net income and is still subject to the above profit sharing amounts.

If you decide to take the full $18,500 for the elective deferral, you are limited to making $36,500 in profit-sharing contributions so that your contributions do not exceed $55,000 (or $61,000 if 50 or older).

As always, there are no limits on the amount that you can rollover or transfer from another retirement account.

406-551-4775

Longboat Retirement Solutions

]]>https://longboatretirement.com/2018/06/18/a-solo-401k-in-2018/feed/0larsfforsbergWe’re at Warhttps://longboatretirement.com/2018/04/14/were-at-war/
https://longboatretirement.com/2018/04/14/were-at-war/#respondSat, 14 Apr 2018 13:24:56 +0000http://longboatretirement.com/?p=461We’re at war – but with who?

So we bombed Syria yesterday. What does this mean to you?

Will Syria retaliate? Sure, but will that affect the average US citizen, and in what way? What actions could Syria take that would matter to Americans on US soil? Well barring small scale terrorist-like attacks, not much. But what if Russia feels obligated to respond as protector of the current Syrian leader? This could get dangerous. While as far as we know, Russian military strength aint what it used to be, it is still formidable, and an entirely different animal then the meager defenses of middle eastern states that we’ve been harassing for over a decade.

It is likely that we will find out soon, the path Putin decides to take. We should all hope that it is one of condemnation without escalation. If it goes to escalation, we are all in for a long, bumpy ride – or worse.

In these situations, I find it best to control what you can, and don’t freak out about what you can’t.

What can you do to minimize the personal damage to your well being?

Make sure that you’re hedged against the most likely outcomes – whatever you feel those outcomes are. If you own stocks, maybe you want to move some investment into stocks that will increase in value if another cold war fires up. If you are invested in gold, maybe you buy more. If you like real estate, maybe you invest in areas that will have a growing economy in these situations (military base towns). Maybe you invest in firearms, sugar, penicillin, and iodine.

Whatever your future vision consists of, if you do not have the flexibility to do what you want with your money, you are not prepared. How can you possibly prepare for the worst if you are represented financially by someone who has their own best interests in mind rather than yours?

Take some time to think about your future plans. Does your current financial road map lead you to your future goals? Is your adviser on the same page as you? Why don’t you take control of your retirement savings and your future with you at the helm.

Call Longboat Retirement today for a free No Pressure conversation. We are not salesmen who work off of commission, so don’t fret that you’ll talk to some fast-talking, slimy sales person who wants nothing but to close the deal. Frankly, we don’t care if you decide to go another way – it’s your money, do as you wish. Call anytime, or visit our website to see what we’re all about.

What if new information was found that proved that Trump conspired with Putin to scam the US Presidential election?

What would be the effect on the stock market?

What if Clinton is jailed or at least convicted of all of the crimes she has committed over the last 30 years?

What would be the effect on the stock market?

What if the investigation into the Russian meddling of the election found nothing actionable?

How would this affect your 401K?

These are questions that you should be asking yourself.

If there is one thing that anyone with a brain should take from all of the he said, she said stuff in the news, it is that Washington DC is a dirty, corrupt place. It is a pit of vipers.

Washington DC is a shit hole.

Make sure you have taken appropriate measures to protect yourself from the likely stock market implosion when all Hell brakes loose. While we are all riding the wave as the tide is rising, when the big bath tub has its plug pulled, it’s gonna get ugly.

Don’t get yourself so vested in your emotional opinion of who is the Devil.

Get yourself in the position to react quickly to whatever transpires with the DC shit hole.

We can set you up with a Solo 401K in less than a week, that will allow you much greater efficiency and flexibility than what you are currently using. And, we won’t push you into investments or even suggest any.

406-551-4775

]]>https://longboatretirement.com/2018/01/17/what-if-trump-is-impeached/feed/0larsfforsbergTrump’s Stock Market Bubblehttps://longboatretirement.com/2017/12/10/trumps-stock-market-bubble/
https://longboatretirement.com/2017/12/10/trumps-stock-market-bubble/#respondSun, 10 Dec 2017 21:31:58 +0000http://longboatretirement.com/?p=457The US stock market is continuing it’s rise beyond any rational level. The Trump administration can probably claim some credit, but should it? Is this a big old bubble, ready to pop any day? Probably. Will Trump take the credit for the crash? Probably not. Wether you are on the Red Team or Blue Team, you need to recognize a bubble when you see it – no matter which team is currently taking credit or blaming the other colored team. It’s all the same.

The best way to cover your ass is to put someone in charge of your investments that has your best interest in mind – YOU.

Your stockbroker or investment manager or financial planner has their best interests in mind, not yours. Make no mistake.

A Solo 401k enables you to invest in what you want, when you want it. There are no fees, no waiting for permission, and no middle man. Buy when you want, and sell when you want.

Stop paying for someone else to make decisions for you.

]]>https://longboatretirement.com/2017/12/10/trumps-stock-market-bubble/feed/0larsfforsbergEnd of Tax Year Sale!https://longboatretirement.com/2017/12/05/end-of-tax-year-sale/
https://longboatretirement.com/2017/12/05/end-of-tax-year-sale/#respondTue, 05 Dec 2017 13:19:30 +0000http://longboatretirement.com/?p=455It’s that time again…Time for the end of year sale!

If you’ve been procrastinating setting up your retirement plan, now’s your chance. For the month of December, I’ve decided to cut the cost of set up to $1,500. Save yourself some cash and get it off your “To Do” list. Give us a call or send an email. Our Solo 401k package is fast, safe, and powerful. We don’t cross sell. We don’t sell names, numbers, or addresses like those other fools. We have no interest in selling you bridges to nowhere, or ocean front property in Kansas. We don’t walk on water or cure cancer. We create retirement plans that give you control over your retirement savings – that’s it.

406-551-4775

]]>https://longboatretirement.com/2017/12/05/end-of-tax-year-sale/feed/0larsfforsbergDiversified Portfoliohttps://longboatretirement.com/2017/02/28/diversified-portfolio/
https://longboatretirement.com/2017/02/28/diversified-portfolio/#respondTue, 28 Feb 2017 15:46:00 +0000http://longboatretirement.com/?p=453Over and over I hear the mantra “Diversified Portfolio” – but what does that mean?

Diversification means different things to different people.

Most however, think that it means they own stocks in several industries that counteract each other. In other words, they own two stocks – if one goes down, the other goes up. No two stocks are going to perfectly counteract the other, but a person can come close with lots of research.

Other people (including myself) contend that investment diversification must also include investment class diversification and international diversification. In other words, you should own things other than stocks, things like metals, currencies, bonds, real estate, and even international investments.

The argument could be made that a world wide downturn would hurt all of these things. Well….sure, maybe, but maybe not. Generally “safe harbor” investments and “contrarian” investments like gold, and certain currencies (Norway, Switzerland) tend to go up during world wide downturns.

Now, being a guy that does not give investment advice, I’m not going to advocate any particular investment, or even investment class, or even investment style….but do your research, and diversify…..and I mean really diversify, not just own a bunch of U.S. stocks.

If you believe the big media outlets, he is going to steal your wallet and your retirement account.

I doubt that this is the case. But, how would I know?

While we are certainly overdue for a market correction in the U.S., the timing of a correction is of course the million dollar question.

I’ve said this before, but I’ll say it again; I am not in the business of predicting the stock market. I am in the business of helping people diversify their retirement savings through the set up of self directed retirement accounts.

In other words, it should not matter what the U.S. stock market does. My clients have the flexibility to move in and out of the market when ever they choose. Or, if they choose to have zero dollars in the stock market, they can do that too. If they choose to pull out of the market and hold cash, they can. If they choose to hold metals, or real estate, they can.

The point I am trying to make is that true diversification requires more than owning several stocks from different industries in the U.S. stock market. True diversification necessitates ownership of a variety of investment classes, as well as investment location diversification. When you have your retirement savings invested in stocks, bonds, real estate, foreign markets, and metals, you can call yourself diversified.

The best way to diversify your retirement savings is through a Solo 401k – accept no substitute.

Give Longboat a call or send us an email. We are not slick salesman; we are real people.

In short, your retirement account balance can grow as it collects rent, and if the property appreciates in value, you could sell it down the road for a gain.

There are restrictions and regulations that you need to follow.

Number one: You cannot live in the property.

Number two: You cannot repair the property; you must contract out the work.

Basically, be sure that you, personally, are not receiving benefits or doing work for the property.

Naturally you will want to remember the rules of Prohibited Transactions – don’t break them.

You will want to think about the ramifications of Unrelated Business Income Tax (UBIT) if you use a Self Directed IRA. UDFI, Unrelated Debt Financed Income, is a component of UBIT, and applies to IRA income generated by financial assets.

A Solo 401k has the added benefit of not being subject to UDFI or UBIT.

Describing UDFI will be a subject of an entire blog; for now, just remember that it exists, and inquire with your accountant if you are on the verge of purchasing property within you IRA.

]]>https://longboatretirement.com/2016/04/24/why-a-self-directed-retirement-account-makes-sense/feed/0larsfforsberggSelf Directed attributes video.1Panama Papers Reality Checkhttps://longboatretirement.com/2016/04/12/panama-papers-reality-check/
https://longboatretirement.com/2016/04/12/panama-papers-reality-check/#respondTue, 12 Apr 2016 15:28:03 +0000http://longboatretirement.com/?p=444I have heard so much misinformation on offshore accounts and “tax evasion” over the last week, that I felt the need to clarify and give some truths.

Truth number one: The United States taxes its citizens regardless of where the money was made.

Truth number two: It is much harder and much more expensive to open a bank account in a country labeled a tax haven.

Truth number Three: There are reasons other than money laundering and tax evasion to have money in a country other than the United States.

Truth number four: The U.S. government is in bed with the U.S. media.

Truth number five: The U.S. government is filled with rich people.

Truth number six: The U.S. government is also in bed with large corporations.

What to these truths logically lead to:

The U.S. government is telling its citizens, through its media division, that only rich people and terrorists keep money offshore.

This leads us to the lies:

If you have money offshore, you are rich and/or a terrorists.

The only reason people have money offshore is for money laundering or tax evasion.

Of course both of these things are lies. Most people who have money offshore are not either terrorists or fabulously wealthy.

There simply are not terabytes worth of fabulously rich people and terrorists.

The United States and England are the destinations of choice for laundering money and tax evasion.

That is fact; look it up.

So, if you open your eyes to reality and facts, you can easily decipher that the government, through their propaganda arm, are dispensing lies to distract and leverage the current fear and anger of the populace towards the rich people and terrorists to clamp down and take even more freedoms. They will once again get people to beg to take away their freedoms, in the name of “transparency” and “safety”.

Already, I have seen the protests in Europe. Sad.

If you have ever considered moving some money offshore to real banks, that offer security, diversification, actual interest, and some protection from litigation, you’d better act fast. It is clear that the big banks want to consolidate all of your money into their crooked institutions.

I guarantee, right now, that there will be investigations, and committees, and other B.S. that creates a new panel, and then new prohibitive laws to restrict money movement. Currency controls anyone? Count on it.